Award of Share Options to Executive Director

RNS Number : 7699H

Thruvision Group PLC

15 March 2018

 

15 March 2018

Thruvision Group plc

Award of Share Options to Executive Director

Thruvision Group plc (AIM: THRU), ("Thruvision" the "Company") the specialist provider of people-screening technology to the global security market, announces that on 14 March 2018, Ian Lindsay (Finance Director) was awarded options under the Company Long Term Incentive Plan ("LTIP").

On 14 March 2018 the following awards over ordinary shares of 1 pence in Thruvision Group plc were granted under the Thruvision Group plc Long Term Incentive Plan to the Executive Director as detailed below.

Name	Type of option award	No of shares awarded	Exercise price on award	Market Value on award	Date of vesting
Ian Lindsay	EMI - Tax approved	400,000	£0.1275	£51,000	15 March 2021

The awards were granted pursuant to separate Award Agreements entered into between Thruvision Group plc and the Executive Director noted in the table above.

The award will ordinarily become exercisable on the third anniversary of grant, subject to the grantee's continued service with the Thruvision group and will remain exercisable at any point up until the tenth anniversary of the date of grant.

The award as detailed above is the only award that has been made at this time, accordingly a total of 400,000 awards were made over ordinary shares of 1 pence in Thruvision Group plc on 14 March 2018.

The notification in appendix 1 to this announcement, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:

For further information please contact:

Thruvision Group plc Tom Black, Executive Chairman Colin Evans, Managing Director	[phone]
Investec Bank plc (Financial Adviser, NOMAD & Broker) Andrew Pinder / Sebastian Lawrence / Patrick Robb	[phone]
FTI Consulting LLP Matt Dixon / Harry Staight	[phone]

About Thruvision

Thruvision Group plc is a specialist provider of people-screening technology that can safely see weapons, explosives and contraband hidden in peoples' clothing. Developed with extensive support from the British and US Governments, Thruvision technology is operationally proven and is being used to enhance the security of transport hubs, borders, high profile buildings and public areas.

www.thruvision.com

Appendix 1

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Ian Lindsay
2.	Reason for the notification
(a)	Position/status	Finance Director
(b)	Initial notification/ Amendment	Initial notification
3.	Details of the issuer
(a)	Name	Thruvision Group plc
(b)	LEI	213800IZG9GM6G2TZE04
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
(a)	Description of the Financial Instrument	Ordinary shares of £0.01 each in Thruvision Group plc
(b)	Identification code of the Financial Instrument	GB00B627R876
(c)	Nature of the transaction	Entry into an Award Agreement pursuant to which a tax advantaged Enterprise Management Incentive Award was granted over 400,000 Ordinary Shares of 1 pence each in Thruvision Group plc. The award was granted with an option price of £0.1275 per share and will ordinarily become exercisable three years from the date of grant, subject to the grantee's continued service, and once exercisable may be exercised at any point up until the tenth anniversary of the date of grant.
(d)	Price(s) and volume(s)	Price(s)	Volume(s)
		nil	400,000
(e)	Aggregated information -              Aggregated volume -              Price	N/A
(f)	Date of the transaction	14 March 2018
(g)	Place of the transaction	Outside a trading venue

 

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